Crypto’s $9M Texas Power Grab: How Fairshake Bought a State

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Crypto-backed candidates win key Texas primary runoffs

Crypto PACs threw serious money behind a handful of Texas runoffs, helping oust a senior Democrat and boost Republican hopefuls as lawmakers hammer out new US crypto rules.

May 27, 12:37 PM

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Crypto PAC-backed Menefee unseats Al Green in Texas runoff

Christian Menefee defeats Al Green in Texas runoff after Fairshake-backed crypto PAC spending, giving pro-crypto forces a key House win.

May 27, 5:47 AM

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Crypto PACs Flex Political Muscle In High-Stakes Texas Runoffs

Bets on the Texas Republican Senate primary runoff topped $16 million in total volume on prediction platform Kalshi, which gave crypto-backed candidate Ken Paxton a 96% chance of defeating incumbent John Cornyn heading into Tuesday’s vote. Related Reading: Crypto Founder Takes Seat On SpaceX Journey To Mars The Kalshi platform had consistently favored the Democratic […]

May 27, 2:30 AM

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Coinbase, Armstrong help build $85m crypto election war chest

Coinbase and CEO Brian Armstrong are bankrolling a rapidly expanding pro-crypto political machine, pouring tens of millions of dollars into Fairshake as Washington’s 2026 election fight over digital assets intensifies. Coinbase and Armstrong are helping assemble what they describe as…

May 26, 3:24 PM

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Crypto PAC Fairshake backs Menefee with $5M in Texas

A crypto PAC affiliated with Fairshake has poured $5 million into a Texas congressional runoff ahead of Tuesday’s vote. Protect Progress, an affiliate of the crypto-backed Fairshake PAC, spent $5 million supporting Democratic challenger Christian Menefee in Tuesday’s Texas 18th…

May 25, 11:33 PM

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Chris Larsen XRP wallets go active ahead of US midterms

Chris Larsen’s XRP wallets have resumed on-chain activity ahead of Tuesday’s Texas primary runoff. Ripple co-founder Chris Larsen’s associated wallets have resumed on-chain activity, according to blockchain data, ahead of Tuesday’s Texas Democratic primary runoff. The reactivation draws immediate attention…

May 25, 10:37 PM

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Moomoo crypto brings 52 coins to Texas at zero commission

Moomoo crypto is now live in Texas, giving investors access to 52 cryptocurrencies with zero commission trading. Moomoo announced the expansion of its cryptocurrency trading services to Texas on May 22, alongside the launch of its Direct Crypto Deposit and…

May 25, 6:35 PM

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Crypto PAC money pours into Texas primary runoffs, as prediction markets favor challengers

The crypto-aligned Protect Progress PAC reported spending another $750,000 on media for a Democratic candidate over Representative Al Green, whom it described as “actively hostile” to digital assets.

May 25, 5:57 PM